An autonomous research institute under the Ministry of Finance


The Economics of Government: Key Issues that Budget 2019 must tackle


NIPFP blog author image
The prime focus of Union budget 2019 would be the need to strengthen economic growth. A deviation from the path of fiscal consolidation may be essential to spur growth. A strict adherence of threshold fiscal deficit ratio of the GDP may not be feasible at this point as more public ...

Hunting the Heffalump


Hunting the Heffalump
Rathin Roy and Amey Sapre
The analytics used by Arvind Subramanian to argue over-estimation of GDP is flawed on a number of counts
Arvind Subramanian (AS) has written a working paper  in which he argues that “actual GDP growth” may have been 4.5 per ...

Interview by Karan Thapar on Medium-term Structural Changes that India Face


For detailed interview please follow the link

Click Here

Some medium-term fiscal arithmetic


A medium-term macro-fiscal exercise will make clear the analytical choices and trade-offs that the government faces.


There is little doubt that the central government is constrained for fiscal space and it is, therefore, important to think about solutions going forward. I offer a medium-term macro-fiscal exercise that makes clear ...

Challenges to Indian Fiscal Federalism


blog author image
Countries are organized either as “Unitary ” (France) or as “Federations” (India, Brazil, the United States). In the first group, a national, or a central, government, makes the economic decisions for the whole country’s territory. In the second group, a Constitution has generally assigned various government’s economic functions between the ...